Advantest, Anritsu, Asukanet, Rohto Pharma, SMK, Unicharm: Equity Movers
The following companies may have unusual price changes in Japanese trading today. Stock symbols are in parentheses, and share prices are as of the latest close. The information in each item was released after markets shut unless stated otherwise.
Access Co. (4813 JT): The developer of mobile-phone and online-browser software said its first-half net loss narrowed to 542 million yen ($6.5 million) from 1.97 billion yen a year earlier as sales jumped by 88 percent. The stock sank 4.3 percent to 126,300 yen.
Avex Group Holdings Inc. (7860 JT): The maker of CDs and DVDs will stop providing a live concert for shareholders who attend its annual general meeting next year. Higher costs and difficulties in securing a hall big enough to accommodate the crowd were behind the decision, Avex said in a release. The stock lost 1.7 percent to 1,188 yen.
All Nippon Airways Co. (9202 JT): The airline will make a decision Thursday about setting up a low-cost carrier in a tie- up with an Asian investment company, the Nikkei newspaper reported. Also, Victor Chu’s First Eastern Investment Group will be the second-largest shareholder in the discount airline planned by All Nippon Airways, Nikkei English News reported. All Nippon was unchanged at 313 yen.
CHI Group Co. (3159 JT): The book-store operator said in a preliminary earnings statement it had a first-half net loss of 30 million yen. The retailer had forecast a profit of 20 million yen. The stock dropped 1.2 percent to 335 yen.
Hitachi Kokusai Electric Co. (6756 JT): The maker of chip- manufacturing equipment has opted to acquire more than half of the outstanding shares of Kokusai Electric Korea Co., its sales agent in South Korea, Nikkei English News reported. The stock declined 3.7 percent to 626 yen.
Isuzu Motors Ltd. (7202 JT): The truck maker will spend 10 billion yen to increase production of pickup trucks in Thailand, the Nikkan Kogyo newspaper reported. The stock lost 2.1 percent to 287 yen.
Mitsubishi Chemical Holdings Corp. (4188 JT): The company will spend 1 billion yen by May 2011 to expand production of lithium-ion battery materials. The stock sank 3.3 percent to 412 yen.
Morozoff Ltd. (2217 JT): The confectioner turned to first- half net income of 37 million yen from a year-earlier loss, while operating profit in the period tumbled 41 percent to 74 million yen, with lower sales. The stock was unchanged at 279 yen.
Ono Pharmaceutical Co. (4528 JO): The drugmaker cut its full-year net income outlook 16 percent to 18.5 billion yen, citing higher-than-expected costs. Ono also said it formed a license agreement with California-based Onyx Pharmaceuticals Inc. (ONXX US). Ono will pay as much as 24 billion yen to Onyx to obtain exclusive rights to develop and commercialize compounds for all oncology indications in Japan. Ono slid 0.4 percent to 3,755 yen.
Orix Corp. (8591 JT): The financial services company may buy South Korean regional bank Pureum Mutual Savings Bank No. 2 for 8.5 billion yen, Nikkei English News reported. The stock slumped 3.6 percent to 6,510 yen.
Sanoh Industrial Co. (6584 JT): The maker of tubes for cars said it will sell 1.6 million treasury shares to Suzuki Motor Corp. (7269 JT) to strengthen its tie with the automaker and increase competitiveness. Sanoh slid 2 percent to 626 yen. Suzuki fell 1.5 percent to 1,727 yen.
Shiseido Co. (4911 JT): The cosmetics maker’s operating profit in Asia and Oceania may increase by 19 percent this year to a record 18 billion yen as domestic spending rises and boosts earnings at consumer-goods companies, Nikkei English News said. The stock fell 1.2 percent to 1,905 yen.
Token Corp. (1766 JT): The homebuilder said first-quarter net income returned to a 660 million yen profit from a year- earlier-loss, citing cost cuts in the construction division. The stock slumped 3.1 percent to 2,358 yen.
Toyota Motor Corp. (7203 JT): The automaker is having difficulty obtaining Chinese government approval for the establishment of a technology center near Shanghai, the Asahi newspaper reported. The stock slid 2.1 percent to 2,875 yen.
Watami Co. (7522 JT): The Japanese-style pub chain said August sales at restaurants open at least 13 months fell 3.7 percent from a year earlier. The stock rose 0.6 percent to 1,669 yen.
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